Landlord borrowers can now benefit from a variable rate of 5.75%.

The new products are offered for standard, limited company and HMO/multi-unit block landlord borrowers.

The number of tracker mortgages taken out has risen from 118,818 in 2021 to 198,044 by Q1 of 2024.

The Bank is withdrawing buy-to-let two-year tracker rates in the new business and product transfer ranges.